G3 Exploration Regulatory News (G3E)

17 February 2016

GREEN DRAGON GAS LTD.

("Green Dragon" or the "Company")

Audited Reserves Update

Green Dragon Gas Ltd. (LSE: GDG), one of the largest independent companies involved in the production and sale of CBM gas in China, will release its tenth consecutive Audited Reserves Update prior to markets opening on 23 February 2016. The 2015 Audited Reserves Update follows the year-end Operations Update and Production Update previously announced.

For further information on the Company and its activities, please refer to the website at www.greendragongas.com or contact:

Instinctif Partners

David Simonson / George Yeomans

Tel: +44 20 7457 2020

Citigroup

Tom Reid / Luke Spells

Tel: +44 20 7986 4000

Peel Hunt

Richard Crichton / Ross Allister

Tel: +44 20 7418 8900

About Green Dragon Gas

Green Dragon Gas is a leading independent gas producer with operations in China and is listed on the main market of the London Stock Exchange (LSE: GDG). The Company has 380Bcf of 2P reserves and 2,418Bcf of 3P reserves across eight production blocks covering over 7,566km² of licence area in the Shanxi, Jiangxi, Anhui and Guizhou provinces. It holds six Production Sharing Agreements with strong, highly capitalised Chinese partners including CUCBM (CNOOC), CNPC and PetroChina, and has infrastructure in place to support multiple routes to monetise gas production.

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